02.07.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 is consolidated near the level of 2080 and an inclined resistance line. In case of continued upward movement we expect reaching the level of resistance at 2100 and 2120. To continue negative dynamics with the objectives at 2040 and 1990, the price must be fixed below 2060. Our medium-term outlook remains positive, and we are waiting for increased volatility today.
Nearest resistance levels: 2100, 2120, 2135, 2150, 2200
Nearest support levels: 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 tries to continue the growth inside the descending channel. In case of success quotations will rise to 11600 and the upper boundary of the channel. For the continuation of downward movement the price needs to gain a foothold below 10800. In this case, the decline will continue to 10300, and 10000. We keep medium-term positive outlook and expect the signal to open new positions.
Nearest resistance levels: 11200, 11400, 11600, 11800, 11900, 12000, 12400, 12600, 13000
Nearest support levels: 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 has shown strong growth and approached a strong resistance level at 20650 and in case of breaking it will continue to rise to 21000. A drop in prices is limited by the level of 20000. We expect continued growth in prices in the medium term and in the near future the volatility will be high.
Nearest resistance levels: 20650, 21000, 21500
Nearest support levels: 20400, 20000, 19800, 19400, 19000, 18500, 18100